Monet Token

The Monet Society has developed the Monet Token as a 'token of appreciation' to recognize and reward creative ecosystem stakeholders with loyalty points for their contributions to addressing challenges faced by independent creators.

Monet is a digital token built upon distributed ledger technology. Monet was created to incentivize participation and support of creative ecosystems, with an emphasis on individual and independent creators. As a ‘token of appreciation’, Monet forms the basis of a playful 'loyalty point' system that acknowledges and rewards creators and creative ecosystem stakeholders in a transparent and secure way.

The total supply of Monet is fixed at 10,000,000,000 tokens and was originally minted on the Cardano blockchain. The Society has plans to bridge part of its tokens to popular blockchains that are equally supportive of the creative ecosystem as proper bridging solutions become available, including:

• Avalanche

• Algorand

• Ethereum

• Hedera

• Polygon

• Tezos

• XRP

The Monet Society distributes Monet to creative industry initiatives, including projects and platforms developing and facilitating digital assets and Web3 technologies such as wallets, marketplaces, creator tools, and platforms for viewing and experiencing.

Stakeholders rewarded with Monet are encouraged and incentivized to ‘play it forward’ by recognizing and rewarding other ecosystem participants supporting creators.

Monet Utility

How Monet token distribution works

Benefits and Uses

Creators benefit from Platforms participating in the Monet Society through:

Product placement

Advertising

Access

Collectors benefit from Monet Society Platforms and Creators through:

Whitelisting

Discounts on Products and Services

Access to Products and Services

Some of the key areas we focus on recognizing and rewarding include:

Education and Awareness

• Media

• Guide and reference materials

• Training, workshops, and seminars

• Workshops

Creators/Creativity Services

• Innovative PFP

• Trading Card

• Algorithmic

• AI

• Digitization of cultural assets (wine, fashion, other)

Display & Immersive Experiences

• IRL Display

• Metaverses

• AR/VR

Marketplaces

• Minting infrastructure

• Primary

• Secondary

• Innovative distribution

Wallets

• Digital art supported

• Self-sovereign Identity

• Real-world financial management integration & compliance

Gaming

• Development

• Showcasing

• Distribution

Monet Loyalty Token Programs

Partner communities collaborate with the society to develop and deploy Monet loyalty programs that reward their members and creators for positive contributions and offer opportunities for their members, creators and other Monet Society partners to redeem Monet tokens for specific benefits and rewards.

Why Cardano?

The Monet Society's decision to mint the Monet Token on the Cardano blockchain was driven by several key factors that align with our vision and operational needs. Cardano stands out due to its distinctive features and capabilities, which are particularly advantageous for our objectives:

• Cardano's Native Token Model:

Unlike many other blockchains, Cardano allows the creation of native tokens that are not smart contracts but are treated similarly to its primary currency, ADA. This model offers significant benefits in terms of efficiency, security, and simplicity, making it an ideal choice for the Monet Token. The native token approach eliminates the need for smart contracts for token transfers, reducing the potential for vulnerabilities and errors.

• Extended UTXO (EUTXO) Model:

Cardano's Extended UTXO model is an evolution of the traditional UTXO model used by blockchains like Bitcoin. This model provides enhanced flexibility and power, allowing for more complex transactions while maintaining high security and predictability. The EUTXO model's ability to handle a variety of transaction types makes it well-suited for the diverse range of transactions expected within the Monet Society's ecosystem. One standout feature is the ability to facilitate transactions involving multiple token types in a single transaction.

By leveraging Cardano's innovative blockchain technology, The Monet Society ensures that the Monet Token is not only secure and efficient but also positioned at the forefront of digital currency innovation. This choice reflects our commitment to utilizing cutting-edge technology to empower and revolutionize the creative industries.